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, and that will eventually lead to higher interest rates. >> the obama rally's in full force. 2009. what happened in 2008? >> the election. >> yeah, that's right. here we are, baby. rich people are getting richer, though. that's the only problem. >> i know that's your new problem. >> here's my two anecdotes. yesterday, over at the gym trying to, you know, get rid of -- what's the name of that new issue? potbelly.com? whenever i see that, i think -- >> what? >> well, i just, i was running yesterday. i'm going to get this down to where i look like bradley cooper or something. >> when you put on your jacket, i had no idea how much -- >> you wait until i have the six-pack, when i replace the keg with the six-pack. anyway, so, a guy says to me, joe, double, right? double. okay, that was number one. because if people are talking about bubbles, the bubble's not here. it's only when you're not talking about a bubble that it finally bursts. >> sneaks up on you. >> this morning, i have another ocd, and that is that i have to top off my tank. i need to get it all the way up so that it stays on full for, you know, h
this morning. from obama care to tim geithner's new job. politico's ben white joins us on set. ben, another day and another look at the obama care from the front pages. >> right. >> "new york times" lays out a lot. honestly, i didn't remember. 1989, the medicare catastrophic act. americans were so angry that they stripped it and got rid of that law. i think it's a stretch to seau bomb ma care is headed there yet. >> yeah, it's early to say that. i think the key test will be the implement -- or the december 1 date to get the website working and if they do that, there is a story over the weekend saying 80% of folks will be able to use the website. it will be better to say that. if they get the website going, people want to sign up, you'll see a little bit of pressure ease up. not a lot of it. there's the entire question of people losing their plans. all the cancellation l understa works. the bottom line is get out of the weeds. the plan was sold under false pretenses. people are angry over that. it's taken a huge toll on obama's rating. is the law going to collapse of its own weight? i think it's
and that contrasted with the obama administration's reports of more than 6 million unique -- that's a big -- >> i understand why they don't want to give out the numbers. >> the health and human services department has said it won't release enrollment figures until mid november. >> they're probably better off that way. >> that's what sebelius said. >> mid november, i'd do -- >> jan 1? >> yeah. mid 2015 and see what happens. >>> we have other news, president obama has reportly ordered the nsa to stop eavesdropping on joe kernen. no, stop eaves dropping on the headquarters of the imf and world bank. the order is said to be the latest move, of course, by the white house to demonstrate its willingness to curb at least some surveillance in the wake of weeks by former nsa contractor edward snowden. >>> a number of comments about janet yellen starting to come from the senate. richard shelby says he would oppose efforts to block her nomination with a filibuster unless some disturbing disclosure emerge. his comments come after senator rand paul said he instead to withhold her nomination. and senator lindsa
called obama care. and now just get on the surf board. i don't even care if you stand up. hold on to the sides and just surf this baby. shut your mouth. if they do this again with what is playing out, every single gain the republicans -- they're talking about trying to pin obama care on hellry to hurt her in 2016. if they mess this up in three months and go back, there's no way they're trying to same thing again. >> you're saying there's no way there's another default. >> there's no way there's even the talk of it. if they do, they're as stupid as all their critics. let's see what happens. it's collapsing under its own weight right now. this is just the beginning stuff. wait until premiums go up. >> i don't think he's the person you -- you know, that -- i just want to watch them. yesterday i was talking about it. i do a radio show once in a while and they have to just be quiet at this point and -- just let this play out. wouldn't you? if you were a political -- >> yeah. i wouldn't do anything. >> it would have been nice if they did this the first time around except that they ca
.5. the white house says it could extend the obama care fix beyond 2014. president obama announcing the plan to let insurance companies extend those policies that would have been canceled. he pointed blame at himself for the troubled rollout. >> i think it's legitimate for them to expect me to have to win back some credibility on this health care law in particular. and on a whole range of these issues in general. that's on me. we fumbled the rollout on this health care law. >> this fix, though, is on the insurance companies. it's hard to say in reality how any of this is going to work out. it took months .months for the insurance companies to work within the law as laid out by obama care. we're going to talk about in this morning. in just a few minutes, we've got john harwood. he'll join us to go through the politics on this and some of the realities on how it can possibly work. in the meantime, let's send it over to andrew. >> we have a lot of corporate news this morning. kimberly clark announcing its board of directors authorizing its management team to pursue a potential tax free spin-off
on benghazi. >>> this week the obama administration will be he releasing health care enrollment numbers. the white house has signaled that the total will be low. we probable know that after weeks of problems with the website health care.gov. >> they haven't said that before. >> of course they're going to be low. >> i know. they haven't said it. they've always said, we'll let you know. we'll let you know. >> it takes time. it takes time for people -- >> now when they salo, we expect to concede that it's going to be low. north carolina is like -- the numbers are -- >> have you seen this story, by the way, this morning? cover of ""the new republic"" also at the top of ben white's e-mail. >> politico think. >> hillary's nightmare. a democratic party that realizes its soul lies with elizabeth warren. elizabeth warren may run in 2016. >> then i've already -- see, i've said that de blasio is to new york as -- i think the president is far left and i think that -- >> well, if -- elizabeth warren -- go west, my friend. >> obama has been frustrated by the left of his party. >> i think he resigns f
their first amendment rights and they failed to beat barack obama. a lot of those people now are thinking about 2016 examine how to get behind someone who can win. and that money, that early money, ta sign, that show of support is hugely important in terms of selecting the nominee. and look at virginia last night, terry mcauliffe raised in huge bars part because he raised a lot of money. hillary clinton and bill clinton, they're great fund-raisers, too. the real challenge for a lot of people in the republican party, how many of them go to hillary clinton? how many of them look at hillary clinton and bill clinton and say we may not like barack obama, but this is a real brand we can get behind. >> you guys know full well -- the billionaires around here wanted christie in that last election. and, i mean, if you throw a bunch of money at newt gingrich, i don't know whether you can say the big money didn't work. it was never going to work. really, i don't know whether gingrich ever could have been elected. so we'll see. they wanted chris christie back then. here is my question. yesterday we te
. >> before you two start kissing, let's move on to the next story. pressure is rising on president obama to adjust his problem plagued health care law. many democratsic leader are calling on the white house to allow americans who are happy with their health care plans to keep them. the most significant coming from president clinton. he said in part, i personally believe even if it takes a change to the law with b the president should honor the commitment to federal government and let people keep what they've got. the reality is it could be very difficult to allow people who have been canceled at this point to be back on in the time in less than 45 days. >> i was fascinated by this because i tried to figure out the calculus that goes into the things that president clinton does. he's been a big supporter of president obama in that speech he gave at the convention went a long way towards helping to re-elect the president. but then there are times when he does definitely step off the reservation. when he called mitt romney's business career stellar. and i wonder why he picked now. but there
. and then an around in today's "wall street journal" talking about the issues with obama care, namely that young people appear to be avoiding the health care plans. early coverage is lower than expected. that's raising concerns that insurers, if it's just older people, the -- it would be much more expensive because they have more health problems, they could drive up prices for everyone by forcing them to spread costs around, but the white house counters that by saying that in massachusetts when it was introduced, the young people waited until the last minute to do it and them they all did it in the last minute. so it's going according to planned. we'll see what finally works. well, no, some day they will have to actually release the numbers when they know the numbers if anyone does sign up. >>> and then there's a bill to ban workplace discrimination against gays narrowly cleared a procedural road block in the senate with a support of a handful of republicans. passage is said to be likely by the end of this week. the measure will fois an uphill climb in the house where the speaker john boehner op
didn't learn from the obama care government shutdown, although, wait a second, one of the things they wanted to do during the shutdown was delay obama care. that might not have been a bad idea. but in this case, it's a sideshow with benghazi. >> sure. >> yellen, enough about being so qe-dependent that we need to talk about, i guess. >> right. i've been talking to a lot of people up on the hill. and i think that the headline is, this is about the most popular nominee president obama has ever sent with the republicans. she's had great meetings. people have serious policy concerns. but i think that this is going to be kind of an easy confirmation. the three things that i think people are going to press on today are quantitative easing. i think that they don't want to know, well, when are you going to stop, because they know she can't say that, but they'll feel some kind of regret, like we're using this unusual method, and wish we wouldn't have to. a sign it won't go on forever. the second thing, the independence of the fed, there will be a number of openings on the fed board, and th
and freddie mac. here's what happened. obama adviser gene sperling arguing the only way to revamp the home loan market is through what he calls proper housing finance reform. he didn't directly refer to fair homes proposal, but he did say that the administration can't allow fannie and freddie to be recapitalized in the current corporate form. last week, bruce berkowitz's firm announced it wanted to buy the mortgage backed security insurance businesses of fannie and freddie by bringing in $52 million in new capital. >>> a trading slump in goldman sachs now tied to a currency trade in the third quarter. a bet on the dollar is said to have gone very wrong. "the wall street journal" reporting that the previously indus closed trading mishap played a big part or at least a part in the revenue slump that led senior executives to defend the firm's trading strategy. yum brands will combine the u.s. and international versions of kfc and pizza hut. sales at yum china restaurants have taken a hit since chemical residues were found in chicken from some of its poultry suppliers china late last year. >>
revelations to come. >> schmidt says that google has registered complaints with the nsa, president obama and members of congress. gentlemen, joe you were saying before there are two camps of people. >> here's what the nsa said. the nsa referred to some of the press articles treatmently that they had misstated facts and mischaraterized the nsa. this is definitive. unless they're lying, the nsa follows all of the laws, regulations and policies and assertions do a grave disservice to the nation, its allies and partners and the money who make up the nsa. >> i was in the antisnowden camp but something i read yesterday in "the new york times" gives me a little bit of pause. they pointed out that the nsa has 35,000 people working for it. it has a budget of $10.8 billion. at this point they are collecting so much information. >> no morsel is too small? >> yeah. it's a little staggering when it used to be you would do whatever you can when the agency first started. you would do whatever you can. technologically they can do anything and there aren't questions. >> i remember why you take it at face
in high quality. >>> and the white house is due to release national obama karen rollment numbers sometime this week. and there's stories out there and the journal has a story on it that there are fewer than 50,000 americans that were able to sign up for the new health care law. and that's about -- that's much lower. they were hoping for as many as 500,000 in october. instead, as i said, 50,000 were able to do it through the trouble plagued website. >> i was just looking at revenue for walmart in the fourth quarter. $132 billion in revenue just in the fourth quarter. what is that, about 90 days. so that's massive. >> tom is here. he can probably -- >> it's over $1 billion. there are definitely days of over 100 billion in revenue. >> there's a hundred billion stars in the milkyway. do you know when you look out, the only stars we can see are in the milkyway? >> yeah. and some of the sfars you see are gone all right, right? >> yeah. potentially, time and space. but there's 100 billion other galaxies, too. >> there's some truth to that. we could be -- our entire planet could be in some animal
. in the meantime, back here in the united states, president obama will be meeting with representatives from the national social of insurance commissioners today. as you might expect, they are expected to talk about issues with the implementation of the health care law. many commissioners have been hesitant to embrace obama care say they are to determine whether to rerace current policies. the pl preside the president saying they could keep those, but it's a difficult path to get from here to there. >>> speaking of health care, the project manager of health ca care.com says up to 40% of the technology needed to run the website has not been built. the deputy chief entertainment centers may not be ready until mid january. >>> coming up, how do you feel about your job? why happiness could have a lot to do with where you live. all right. plus are ae form plan from the top tax writer in the senate. as we head to break, let's get a check on the national weather forecast. who do we have over there? we have alex wallace. >> good morning to you. tracking some showers right here in the middle of the c
lincoln. may throw an obama care question at her, too. >>> when we come back, a dangerous winter storm is threatening thanksgiving travel for million of people. the impact on the airline industry right after that. >>> and then, economic out who is happening out in the squawk green room. former fed governor kevin warsh. he is a key member of ben bernanke's inner circle during the financial crisis. we'll talk to him about the economy, tapering and the fed coming up at the top of the hour. ure, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ she's always been able to brighten your day. it's just her way. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed
. >> reporter: it took a year of secret meetings to get this far. president obama insists this framework will lead to a more comprehensive agreement in six months. tracie potts, nbc news, washington. >>> our chief international correspondent will join us with more on this story in just about 30 minutes. then we'll be talking oil with an energy policy analyst as well. brian, i'll send it over to you. >> becky, thank you very much. it is a big morning here. while we get a check on the broader markets because we have a global melt up. futures indicating a higher open for futures stocks. andrew told you at the top we're on a lucky seven week streak. everything in europe is higher. all the major indexes are on the rise led by germany which is up just under 1%. japan continues to rock. they're leading the way in asia this morning. the nikkei 2.25. they are now up 50% year to date. china not participating. the hang seng and the shanghai down. 10 year treasury note still hovering around 2.75%. the yield is up. the bond is down. the dollar is little changed against the euro. about $1.35 per euro.
. welcome to "squawk box" here on cnbc. i'm barack obama along with joe kernen and andrew ross sorkin. we do have a big morning ahead. so let's get right to work. twitter pricing its ipo above the expected range ott of $25 23 to $25 with an offer of 7/0 million shares of $26 apiece, the company will raise at least $1.8 billion. julia boorstin sat down with twitter's ceo. she'll join us with is that conversation in just a minute. but first, the rest of this morning's agenda, there are a number of key economic stories to watch. the european central bank is meeting in frankfurt. policymakers are expected to hold rates steady despite intense pressure to cut interest rates because of what you've been watching with the euro. a decision is expected around 7:45 eastern time. but the key developments for the market could come at 8:30 eastern. that's when the ecb president mario draghi is holding a news conference. we'll get previews from geoff ket mo c cutmore in europe in about 20 minutes. >>> jobless claims are seen at falling slightly to 335,000. as for the markets, joe mentioned the dow closing a
the obama care stuff? >> you're sitting in joe's seat, you're channeling him this morning. in the meantime, target is reporting a strong thanksgiving for online shopping, as well. it says target.com's sales were the highest the company's ever seen in a single day. . plus, the first time in the 155-year history, macy's joined the parade of retailers opening their doors on thanksgiving night. four hours earlier than previous years. joining us now to talk more about it from the flagship store in herald square. terry lundgren, the chairman and ceo of macy's. have you been to sleep yet? >> no. not really. actually, that's not true. i did take a couple hour power nap between 2:00 and 4:00 this morning. but i was here at opening before 8:00 and when we opened our door here at macy's. we had 15,000 people outside the door, wrapped around the building ready to get in. it's obvious that's what the customer wanted was for us to be open. and i'm glad we made that decision. >> i saw you yesterday at the macy's thanksgiving day parade. this is your super bowl everything wrapped into one day. in terms of
and they were just talking about obama proposing to raise the minimum wage to $10. when i was 14 and working papers for the first time as a caddie, it was 80 cents. now it's $10. so everything ten times in 50 years. >> there were some people who look at the market and say, look, the only reason it's risen this far is because of artificial inducement from the fed, because pe is out there, because they're buying $85 billion a month. that's the reason stocks look so attractive. you're making an argument that they're cheap based on stock val you autoati val valuations alone. >> what the federal government is doing is they're trying to keep interest rates below the rate of intlagz. and when you do that, then you deleverage. you make your money up. so, for example, everyone is now talking about growth of the economy. what are they saying? 2%. >> 2%, right. >> and would you be surprised to know that this year it's 6.8%? >> although bullard -- 6.8% inflation? >> 6.8. the gdp is this year going to be 16.8 trillion. there's your 15.7 at 6.5, 6.6, 6.7, pretty surprising. the reason for that big differe
Search Results 0 to 18 of about 19